IX. Standard Cost Systems and Variance Analysis

Student Resources

Part One: Email Application Activities

Inquire were you work.    Prepare a memo for me outlining the use of variance analysis and standard cost systems.

Part Two: Chapter Assignment and Homework Problems

Read chapter ten in Jones, Werner, Terrell, and Terrell.  Home work: 10-16, 10-19, 10-26, 10-29, 10-37, 10-40, 10-42, 10-46, 10-58

Part Three: Spreadsheet Application Activities

10-66

Part Four: Unit Outline

I. Standard cost systems

    A. Setting Standards

        1. Direct materials

        2. Direct labor

        3. Manufacturing overhead

    B. Problems with Standard Cost Systems

II. Variance analysis

        1. Variance analysis

        2. Overhead variances